It's a rare occurrence that the pro audio industry makes headline news across the nation. Reports spanning from Reuters/Billboard to the Seattle Post-Intelliger popped up on the Web days after it was announced that New York City's beloved Hit Factory will close up on February 28, 2005. According to reports, the studio will move its headquarters to its Miami facility, the former Criteria Recording, which Hit Factory acquired in 1999. In a statement released, owner Janice Germano said, “The Hit Factory paved the way for how recording studios approached the artistic process of making music. In doing so, it forever changed the way artists thought about creating records and raised the art form to a new level of innovation. That approach will continue in its Miami facility.”